Thiruvananthapuram, Kerala Industries Minister P Rajeev has claimed that the state has translated investment proposals worth more than $Crores in actual projects in the last five years.
He said the industries ministry’s advance policy initiatives have also given a vital impetus to transforming Kerala into a major global destination for ESG and high-tech manufacturing in the next decade.
Of the total investments mobilized during the period, $Rs 27,158.64 crore was generated through the Foundation Year initiative, $55,365 crore from and around the Invest Kerala Global Summit $“Rs 15,000 crore through investor meet programme,” the minister said.
These three initiatives have contributed $Rs 97,858 crore in dozens of investment projects, apart from the investments received by the industrial estates, Rajiv told reporters here on Tuesday.
Explaining the achievements of the Industries Department, Rajeev said that for the first time, Kerala has emerged as the top performer in ease of implementation of business reforms action plan in the country.
During this period, Kerala also ranked first among states respectively in Niti Ayog’s SDG India Index.
The country also implemented various policies such as logistics policy, export policy and graphene policy in the five years.
“Kerala is the first state to come up with an environmental, social and institutional industrial policy, which turned out to be a key factor for the state to successfully showcase its investment potential at the World Economic Forum in Davos in January this year,” he noted.
Rajiv said at the World Economic Forum that the country has received investment proposals $1.18 lakh crore, and the projects are in the implementation stage.
He said the three editions of the Year of Enterprises initiative had resulted in more than four thousand small and medium-sized enterprises in the state.
“This initiative was considered a successful model by the American Society for Public Administration. About 4,06,606 new projects were created, $Rajeev said that Rs 27,158.64 crore investments and 8,66,162 jobs have been created as part of the initiative.
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